Hyundai Glovis car carrier receives 100% marine biofuel from TotalEnergies in Singapore. (Photo: TotalEnergies)
A significant milestone has been achieved in the development of marine low-carbon fuels. On August 5, French energy giant TotalEnergies successfully introduced its first batch of 100% biofuel (B100) at the port of Singapore. This move is expected to reduce carbon emissions by 80%-90% and accelerate the decarbonization of the shipping industry.
TotalEnergies launches B100, claiming at least 80% carbon reduction
As a pioneer in low-carbon fuel solutions for the maritime industry, TotalEnergies has introduced biofuel that is not mixed with low-sulfur fuel oil (VLSFO) but is entirely derived from second-generation used cooking oil methyl ester (UCOME) sourced from Southeast Asian countries. The fuel has received International Sustainability and Carbon Certification (ISCC). Within just over two years, the company has advanced from a 10% blend to 100% biofuel.
According to TotalEnergies, using B100 biofuel can reduce carbon emissions from the entire lifecycle of the fuel, from extraction and production to final use (well-to-wake), by at least 80% compared to traditional fuels.
Louise Tricoire, Senior Vice President of Aviation and Marine Fuels stated that this introduction strengthens TotalEnergies' commitment to supporting the decarbonization of the maritime sector and that the company will continue to innovate to help the industry navigate rapidly changing market and regulatory conditions.
Demand for marine biofuels surges, but high prices may slow advancement
As pressure mounts from sustainability targets and carbon taxes, many shipping companies are actively seeking decarbonization methods. In addition to developing biofuels, TotalEnergies has been providing commercial solutions since 2023 and has supplied bio-methane and liquefied natural gas as alternative fuels to the maritime sector since 2020.
Singapore, benefiting from its strategic location, is a major hub for marine fuels and a key player in advancing marine biofuels. According to the Maritime and Port Authority (MPA), biofuel sales in Singapore reached 520,000 tons in 2023, nearly tripling compared to 2022. TotalEnergies estimates that local demand for marine biofuels will surge to 1 million tons annually by 2025, doubling the 2023 levels.
However, challenges remain in the development of biofuels, including inadequate infrastructure for bunkering and storage, and high prices that may deter adoption. For instance, the price of B24 is $200 higher than that of 0.5% low-sulfur fuel oil.
Source: TotalEnergies, Reuters(1), (2), Offshore Energy
